Filed September 13, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $173,636 | $111,535+55.7% | $105,223+65.0% | $137,256+26.5% |
| Participation rate | 47.1% | 78.1%-31.0pp | 75.0%-28.0pp | 80.0%-32.9pp |
| Annual return | 18.19% | 237.85%-219.7pp | 180.65%-162.5pp | 220.34%-202.1pp |
| Employer contribution / active EE | $1,991 | $3,939-49.5% | $3,689-46.0% | $4,156-52.1% |
| Participant deferral / active EE | $5,564 | $5,500+1.2% | $5,072+9.7% | $6,407-13.2% |
| Admin fee / account holder | $1,528 | $9,721-84.3% | $8,859-82.7% | $12,270-87.5% |